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2 years ago

Corporation meaning in 3-5 sentences

Business

1 answer:

alexgriva [62]2 years ago

7 0

Answer:

Corporation- a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.

Ps. Brainliest pls

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Building Supplies is considering a merger with Tools and More. Building's total operating costs of producing services are $4 mil

Natalka [10]

Answer:

We generally calculate total average cost by dividing total cost / total output units.

In this case, we are not given the output units, but instead we are given the output value, so we should find a percentage from total revenue.

total costs = $4,800,000

total revenue = $20,000,000 + $5,000,000 = $25,000,000

average total cost = ($4,800,000 / $25,000,000) x 100 = 19.2%

This means that for every $100 of revenue, the merged company will spend $19.20.

7 0

3 years ago

Last year, Bad Tattoo Co. had additions to retained earnings of $4,780 on sales of $95,560. The company had costs of $75,720, di

fredd [130]

Answer:

e. $6,042

Explanation:

Net income of Bad tattoo co. = Addition of retained earnings + Dividends

= $4,780 + $2,980

= $7,760

Income before tax of Bad tattoo Co = Net income / (1-tax rate)

= $7,760 / (1-34%)

= $7,760 / 0.66

= $11,758

But,

Income before tax = Sales - Costs

- Depreciation expense - Interest expense

$11,758 = $95,560 - $75,720 - Depreciation expense - $2,040

$11,758 = $19,840 - Depreciation expense - $2,040

Depreciation expense = $19,840 - $11,758 - $2,040

Depreciation expense = $6,042

8 0

3 years ago

Activity-based costing accumulates overhead in one cost pool, then:_____.a. assigns the overhead to products and services by mea

Gekata [30.6K]

Answer:

c. allocates overhead to activity cost pools, and it then assigns the activity cost pools to products and services by means of cost drivers.

Explanation:

The activity based costing is the costing that helps to allocated the indirect cost or we can say the manufacturing overhead cost with the help of the many cost drivers or the many activity cost pools

Like if we allocate the setup cost so we have to allocated with the number of machine setups.

For the inspection cost, the number of inspections is required so that the allocation could be done

5 0

3 years ago

How to establish a positive work environment

quester [9]

-no distractions
-clean working area
-full night's rest
-large cup of coffee (optional)

8 0

3 years ago

Before year-end adjusting entries, Dunn Company's account balances at December 31, 2014, for accounts receivable and the related

nlexa [21]

Answer: $1,075,000

Explanation: When a current or fixed asset is held in inventory, the worth at which it is recorded in accounting is called its net realizable value. In the given case, the net realizable value could be computed using following formula :-

Net realizable value = Balance of receivable on Dec 31 - expected uncollectibles

Putting the values into equation we get :-

Net realizable value = $1,200,000 - $125,000

= $1,075,000

5 0

3 years ago

Corporation meaning in 3-5 sentences​

Corporation meaning in 3-5 sentences